Gambit is a new stablecoin model:
You sell assets e.g. BNB to the system and it mints you USDG stablecoins
With the BNB in the system, it lets people open long positions against it
The longing stabilises the worth of the assets while generating fees
Fees are generated on the minting of stablecoins, burning of stablecoins, cross-asset swaps, opening positions, closing positions and funding rates. The fees can be distributed to USDG holders and staked GMT with the allocation to be decided and controlled by GMT governance.
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